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What's this?

Okay CPA types

Quick question.

In 2021 I was made a 1% partner of a Virginia (out of state for me) LLC pass thru entity - this came from a distribution of an estate.

Got my K1 and I have a grand total loss of......$58.00. No other VA income/losses.

Does this require me to file a VA state return? or just add the K1 to my federal return?

Posted: 04/12/2022 at 9:54PM

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Okay CPA types -- RTFC 04/12/2022 9:54PM

Nah, we got a huge surplus in Virginia. You're good. -- UEMcGill 04/12/2022 10:14PM

I'd think, since no VA income no need to file in VA but thats just a guess ** -- coshokie 04/12/2022 10:02PM